#数字资产行情上升 BTC this round of price action is pretty interesting

Anyone who bought the dip early yesterday morning should have made a profit. BTC surged almost a thousand points in a short time, and ETH followed with a rise of over sixty points. Looking at the 4-hour K-line, the previous bullish candlestick with high volume shot directly to 94,555, but was immediately pushed down by a large bearish candlestick by more than half. There’s clearly heavy selling pressure around 94,500, with lots of short-term profit-taking. However, the price has stayed steadily above the middle band of the 4-hour chart, indicating that the bulls still have a solid foundation. This looks more like a normal pullback during high-level consolidation. As long as 91,700 isn't broken, the overall trend is still a strong pullback within a bullish market.

On the 1-hour chart, after the surge, we started seeing small bearish candles. RSI dropped from overbought to the 60s and has become a bit sluggish, while the MACD green bars are slowly increasing, reflecting that short-term bullish momentum is being consumed and the consolidation is a bit weak. Most likely, the price will first drop back to the 92,000 area to confirm support, then test if it can regain volume and return to 94,500.

Overall, the rhythm is to pull back and correct first, then see which direction is chosen. As long as 91,700 holds, there’s still a chance to rebound and test new highs. Only a breakout above 94,500 with strong volume would really open up more upside.

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